Motilal Oswal
  • SENSEX
    NIFTY 50
Motilal Oswal
VIDEOS
Market

Buy L&T, ONGC; sell Reliance Infra & Jubilant Food, says stock expert Sudarshan Sukhani

Updated : May 08, 2019 10:08 AM IST

The latest analysis and commentary by stock market guru Sudarshan Sukhani of s2analytics.com on what is moving the markets today.

He shared his views and readings on Larsen & Toubro (L&T), Oil and Natural Gas Corporation (ONGC), Reliance Infrastructure, Bank of India and Jubilant Foodworks, HDFC Bank, ICICI Bank, Britannia, Federal Bank, and Biocon.

“It could be a choppy day but I have three short sells intraday which is Reliance Infrastructure where a sustained downtrend is in place. Bank of India (BoI) where all PSU banks except for State Bank of India (SBI) are short sells. Jubilant Foodworks where a bearish pattern is now in place, but a significantly lower level is now promised. I have two buying ideas. One is Larsen and Toubro (L&T). If you note, L&T was up yesterday amidst all that carnage. The charts are very attractive and a very small correction has taken place there. I think L&T could perform significantly better than the broad markets. ONGC, same story, it is now outperforming for so many reasons which I do not understand, but both charts are constructive and should be bought into,” Sukhani said.

Follow stock recommendations by Sudarshan Sukhani here: https://www.cnbctv18.com/author/sudarshan-sukhani-159/

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV